By Iain Gilbert
Date: Monday 24 Oct 2022
LONDON (ShareCast) - (Sharecast News) - Scientific products group SDI Group has acquired British anti-static equipment manufacturer Fraser Anti-Static Techniques in a deal valued at approximately £13.0m.
SDI Group said on Monday that Fraser operates across three freehold sites in Bampton and one leasehold site in Bristol, and also has sales offices in China and Germany, with a "large proportion" of revenues coming from overseas customers.
The AIM-listed group added that the acquisition price for Fraser, which will reside in its sensors and controls division, includes approximately £1.76m of freehold property.
Chairman Ken Ford said: "The acquisition of Fraser is a further step in our group growth strategy, demonstrating again the opportunities to acquire businesses with high-quality products with export growth potential. The acquisition is expected to be earnings enhancing in current year FY2023."
As of 0850 BST, SDI shares were up 0.68% at 172.66p.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 55.00p |
Change Today | -1.00p |
% Change | -1.79 % |
52 Week High | 178.50 |
52 Week Low | 55.00 |
Volume | 250,680 |
Shares Issued | 104.55m |
Market Cap | £57.50m |
RiskGrade | 105 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
16:35 | 3,597 @ 55.00p |
16:35 | 1,800 @ 55.00p |
16:35 | 597 @ 55.00p |
16:35 | 200 @ 55.00p |
16:35 | 1,000 @ 55.00p |
You are here: research